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Back 34 Upton Street
Off Market

34 Upton Street

Launceston TAS 7250

4
3
3
547 m²
House
Last sold for $695,000
Richard SimsRichard Sims, last sold this property on 16 November 2025 after 30 days on market.

Overview

Prime Investment Opportunity with $890 Weekly Rental Income

Perched in the heart of Launceston, 34 Upton Street presents a rare and unique investment opportunity in an unbeatable location. This well-maintained property comprises three self-contained units on a single title. With a total rental income of approximately $890 per week and a return of over 6% approx. this property represents a solid and reliable investment with immediate income and strong long-term potential. The property consists of two one-bedroom units and one two-bedroom unit, and thoughtfully designed to offer comfortable, functional living spaces. Unit 1 features a large bedroom with a built-in robe, a spacious lounge, and a sunlit kitchen that captures a lovely outlook across Launceston. The layout also includes a neat & tidy bathroom and a separate laundry, ensuring practicality for everyday living. This unit is equipped with parking with a garage for the added convenience. Unit 2 offers two generous bedrooms, a separate lounge and kitchen area, and the advantage of a fully fenced yard - perfect for added privacy or outdoor enjoyment. This unit also includes gas hot water and a dedicated off-street parking space. Unit 3 has recently been updated with new carpet and a fresh coat of paint throughout, creating a bright and inviting environment. It includes one bedroom, a neat bathroom, and a functional kitchen fitted with quality appliances. The kitchen adjoins to the comfortable living space. Overall, the property has undergone significant upgrades, with full rewiring and a roof replacement completed within the past ten years, offering peace of mind for future owners. each unit has its hot water system. The location is exceptional - within walking distance to the Launceston General Hospital, city parks, and the Launceston CBD, making it highly desirable for tenants and ensuring consistent rental demand. Whether you're an investor looking to expand your portfolio or seeking a property with excellent income potential in an outstanding position, 34 Upton Street offers a rare and rewarding investment opportunity in the heart of Launceston. Rental income Unit 1 - $290 per week until July 2026 Unit 2 - $320 per week until June 2026 Unit 3 - $280 per week until April 2026 Built: 1920 Land size: 547m2 approx. Water rates total: $3,000pa approx. Council rates: $4,205.42pa approx. Zoning: Inner Residential School catchments: West Launceston Primary School & Launceston College Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

Features

4 bedrooms
3 bathrooms
3 carspaces
1 open car space
2 garage spaces
547 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Launceston over the last 12 months, the estimated median property value of 34 Upton Street is $940k.

Median value
$940k
Estimated value range
$515k - $2.92m
Median days on market
98
Estimated value trend
33%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Launceston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 34 Upton Street

2025
Sold
$695,000
16 Nov 2025 by Richard Sims, of Sims for Property

Happy sellers in Launceston

89%
89% of sellers in Launceston reported that their sale price either exceeded or met their price expectations.

Launceston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Launceston over the last 12 months.

Local market activity for 4 bedroom houses in Launceston

In the last 12 months, 20 four-bedroom houses similar to 34 Upton Street, have been sold.

This represents a 38% decrease in four-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Launceston

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Jeremy Wilkinson

Sellers who recommend Jeremy Wilkinson have praised them for being clear communication, local expert, responsive, honest, supportive, reliable and friendly

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George Bushby

George Bushby is an award winning recommended agent for Launceston.  They have 16 local sales and collected 4 local reviews across the last 12 months.

  •   4.8   (54 reviews)
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David Hernyk

Sellers who recommend David Hernyk have praised them for being clear communication, local expert, responsive, friendly, honest, easy to work with and supportive

  •   4.9   (416 reviews)
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Jessica Hogarth

Jessica Hogarth is a recommended agent for Launceston.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (138 reviews)
  •  2 Reviews in Launceston
  •  3 Sales in Launceston
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